Doug Utberg
What will trigger the next recession?
Background: The economy is on a tear, but trees don't grow to the sky. At some point, it will over-extend and go into recession when financial commitments default.Last time, the trigger was a default on home mortgage...
Bienes Raices
"Due on Sale" clause and interest rates?
I know that the consensus is that "due on sale" is almost never triggered in the real world.
However if someone locked in at a historically low interest rate today and then deeded the property to an LLC (or some oth...
John Chan
General contractor not performing
Hi BP community,
I am an out of state investor doing a BRRRR in Cleveland OH. I've purchased a property back in July and hired a contractor to rehab the unit. I've paid the contractor $12,900 for 50% down payment of ...
Ryan Sweeney
First time home build
Hello Everyone,I have scrubbed through several threads and haven't seen anything that could help me.I am going to build my first two (investment) homes on empty lots that I own. I am looking for general guidance for ...
LaTonya Norseweather
Feltes Frankraymond Legit or no?
I am currently trying to find out information on a "private lender" names Feltes Frankraymond or Raymond Feltes. I can't seem to find anyone who has ever heard of him let along a reference of someone who has done busi...
Shane Matzen
How to turn down prospective tenants?
Hello, I am about to close on a 4-unit property in a working class neighborhood. Three of the units are vacant, so this will be my first time marketing units and finding tenants to fill them. I have done research on ...
Archer Stone
Seller lied about mold in the walls :-(
We bought a condo and moved in 5 days ago. Me, my wife, and 1yr old daughterInspector had found a small amount of mold under the sink in the inspection. Less than two square feet. Sent it to a lab and it tested as “pe...
Kris Johnson
Selling a Business, What’s next?
Hello! My wife and I are planning to have our business sold in the next month or so. We have built this business up over that last 14 years. The proceeds from the sale are what we will use to begin our journey in real...
Samuel DeMass
What would you do with this information?
I was doing my daily cruise through Craigslist when I ran across someone selling a duplex. It turns out that he's got 6 duplex and 1 house for sale upon further communication. The properties are what I would classif...
Dave Versch
How and when to get utilities turned back on (NJ REO flip)
Hi, I have several properties I'm considering making offers on for my first flip. I've been very thorough with my numbers, gotten estimates from qualified contractors, and I'm confident that I'll be able to make a ...